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Norwegian independent power producer that develops and operates solar, wind and hydro power plants mainly in emerging markets.
Norwegian independent power producer that develops and operates solar, wind and hydro power plants mainly in emerging markets.
Sells the power from the plants it builds and owns under long-term contracts, usually to state utilities, so income is steady and priced in advance, and it keeps operating the plants afterwards. Egypt, South Africa and Brazil are among its biggest markets.
In one line: A Norwegian renewable independent power producer in emerging markets.
Moat: narrow (process know-how, scale). Track record developing and financing utility-scale renewables in higher-risk emerging markets.
Headquarters: Oslo, Norway · Founded: 2007 · Employees: 990
Size Scatec (SCATC.OL) is a Norway Utilities company (Alternative Power Generation) with a market value of $1.50B, the 49th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 86.85 on 6 Nov 2026.
Performance Over six months the shares fell 15.8%, against -25.4% for the median peer and +2.7% for the Norway market (cap-weighted) — 7th highest of 19 in its peer set.
Growth Revenue grew 16.5% over the last twelve months (peer median +3.7%); the operating margin is 29.1% (peer median 19.6%).
Valuation It trades at 10.3× enterprise value to sales against a peer median of 6.7× (7th most expensive of 21).
Capital Return on invested capital runs 4.0 points below its cost of capital (6.4% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 4.36B | NOK 3.63B | NOK 4.37B | NOK 3.40B | NOK 3.00B |
| Revenue growth | — | -17% | +29% | +13% | — |
| Gross profit | NOK 2.26B | NOK 2.52B | NOK 3.22B | NOK 2.52B | n/a |
| EBITDA | NOK 2.65B | NOK 2.34B | NOK 3.22B | NOK 2.25B | NOK 1.81B |
| Net income | -NOK 1.22B | NOK 978M | NOK 1.31B | NOK 628M | -NOK 1.33B |
| Free cash flow | -NOK 6.78B | -NOK 5.42B | -NOK 2.29B | -NOK 6.75B | -NOK 1.55B |
| Capital expenditure | NOK 6.56B | NOK 6.03B | NOK 3.27B | NOK 7.14B | NOK 1.99B |
| Total debt | NOK 33.0B | NOK 31.7B | NOK 28.6B | NOK 26.6B | NOK 24.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Scatec SCATC.OL | $1.50B | -16% | +16% | 29% | 10.3× | n/a |
| Enel ENEL.MI | $108B | 0% | 0% | 16% | 2.3× | 6.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SCATC.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.9% | -6.8% | 6th lowest of 21 |
| 6-month return | -15.8% | -25.4% | 7th highest of 19 |
| Distance from 52-week high | -36.9% | -37.5% | 10th highest of 21 |
| Revenue growth (TTM) | +16.5% | +3.7% | 8th highest of 21 |
| Operating margin | 29.1% | 19.6% | 8th highest of 21 |
| EV / Sales | 10.3× | 6.7× | 7th most expensive of 21 |
| ROIC minus cost of capital | -4.0 pp | -1.0 pp | 6th lowest of 21 |
| EV / EBITDA | 17.0× | 13.5× | 6th most expensive of 12 |
| Net debt / EBITDA | 11.1× | 6.0× | 4th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Scatec SCATC.OL | Norway | $1.50B | -16% | +16% | 29% | 10.3× | n/a | n/a |
| Juniper Green Energy JNPR.NS | India | $1.54B | n/a | +1,313% | 52% | 37.9× | n/a | n/a |
| Clean Max Enviro Energy Solutions CLEANMAX.NS | India | $1.57B | +8% | +28% | 44% | 16.0× | n/a | n/a |
| XPLR Infrastructure, LP XIFR | United States | $1.38B | -38% | -1% | 3% | 11.8× | n/a | n/a |
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 12.0× | 6.8% | +20.6% |
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 10.3× | 0.2% | +19.7% |
| Luenmei Quantum 600167.SS | China | $1.76B | -21% | -11% | 15% | 2.8× | -8.9% | -2.1% |
| Grandtop Yongxing 601033.SS | China | $1.83B | -2% | +6% | 26% | 4.8× | -5.1% | +18.4% |
| Aker Solutions AKSO.OL | Norway | $1.89B | -17% | -9% | 5% | 0.3× | -14.7% | +16.9% |
| Alerion Clean Power ARN.MI | Italy | $1.11B | -35% | +13% | 51% | 7.8× | n/a | n/a |
| Cox Infrastructure COXG.MC | Spain | $1.05B | -12% | +72% | 9% | 2.6× | n/a | n/a |
| SK Eternix 475150.KS | South Korea | $949M | -35% | +39% | 9% | 3.1× | n/a | n/a |
| Solaria Energia y Medio Ambiente SLR.MC | Spain | $2.40B | -33% | +26% | 92% | 11.4× | n/a | n/a |
| ReNew Energy Global RNW | United States | $2.53B | +23% | +11% | 42% | 6.5× | n/a | n/a |
| Xinyi Energy 3868.HK | Hong Kong | $863M | -38% | +2% | 54% | 5.8× | -2.6% | +9.1% |
| CECEP Solar Energy 000591.SZ | China | $2.65B | -9% | -13% | 28% | 9.0× | 0.4% | -1.5% |
| Fervo Energy FRVO | United States | $2.66B | n/a | -31% | -35,367% | 7,819.8× | n/a | n/a |
| Waaree Renewable Technologies WAAREERTL.NS | India | $810M | -30% | +78% | 17% | 2.4× | 24.1% | +203.3% |
| Shanghai Nenghui Technology 301046.SZ | China | $680M | +8% | -49% | -13% | 6.9× | n/a | n/a |
| Century Wind Power 2072.TW | Taiwan | $618M | -41% | +62% | 22% | 1.3× | -17.2% | +41.9% |
| Guangdong Chant 002616.SZ | China | $617M | -21% | -3% | 7% | 2.1× | -4.3% | +3.8% |